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Village reports early payoff of Milestone Senior Living TID obligation to close district early
5842571 · August 26, 2025
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Summary
Committee discussion described an early payoff of a developer payment tied to a Tax Increment District for Milestone Senior Living and noted interest savings from paying off the obligation ahead of schedule.
Committee members reviewed a final payment tied to the Tax Increment District (TID) for Milestone Senior Living. Staff said the payment originally was payable to Milestone Senior Living LLC but the property has changed hands; the development agreement had been amended and the final payment was made early. The finance director said the village made a…
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